Bank Reconciliation and
Petty Cash Management

Training Course Overview

Turnover (Sales) is vanity, Profit is sanity but Cash is reality! Cash is King!

Poor cash management, bad debts, fraud and poor investment can increase costs, reduce profits and increase risk. It is vital for a company to effectively and efficiently manage their cash and bank balances, keeping cash and bank balances to a working minimum, invest safely and profitable and operate international payments efficiently. This training course will provide delegates with the essential skills to effectively reconcile bank balances and manage all cash and banking issues to reduce costs, increase profit and reduce risk.

Training Course Objectives

By attending this COPEX training course delegates will be able to make a substantial, positive impact on Bank Reconciliation and Cash Management best practices within their organization, more specifically:

• Prepare and Use Bank Reconciliation Statements
• Prepare Cash Statements and Forecast Cash Flow Forecasts / Budgets
• Manage the Bank & Cash Balances Effectively
• Recommend Appropriate Action in Line with Leading Practice
• Implement Controls to Reduce Risk and Fraud

Designed For

This COPEX training course is suitable for a wide range of professionals who are involved in any aspect of Bank Reconciliation & Cash Management and who want to understand, implement and improve the latest Cash Management concepts, processes and ideas. For example:

• Those Preparing and Controlling Bank Reconciliation
• Staff Preparing and Controlling Cash Statements or Budgets
• Staff Managing Payments
• Staff Engaged in the Budget Process
• Those Who Prepare or Act Upon Budgets

Learning Methods

To enhance learning we utilize proven adult learning technology and methods that will result in maximum retention and application. This includes formal lectures, case studies and interactive worked examples.  Participants will be actively engaged, individually and as part of a group, in the case studies relevant to their workplace. They will also be given a detailed set of handouts and examples in both hard and soft copy enabling them to review the topics covered at a later date to reinforce their knowledge and skills.

Training Course Outline

Amongst a wide range of valuable topics, the following will be prioritised:

• Cash and Liquidity Are King – Why ?
• Preparing a Bank Reconciliation Statements
• Correcting Differences and Avoiding Future Differences
• Controlling Petty Cash, Bank Records & Balances
• Cash Flow Statements & Cash Forecasts – Preparing & Evaluating the PAST & FUTURE Cash Flow
• The Cash Flow Cycle & Operational Efficiency
• Working Capital Management
• Managing Accounts Receivable & Payable
• Sources of Short Term Finance
• Investment Opportunities

The Certificate

• COPEX Certificate of Attendance will be provided to delegates who attend and complete the course

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